WPX Energy(WPX) which was spun off from Williams(WMB) at the beginning of the month, has announced its Board Of Directors. The company which has 1.6 million acres under lease, appointed 9 Directors to join Chairman William G. Lowrie. The press release provides the following biographical data for the Directors: Kimberly S....
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WPX Energy(WPX) began trading regular way today following its spin off from Williams(WMB). The company issued a press release to mark the occasion Shares of WPX Energy will begin trading “regular way” on the New York Stock Exchange today following a successful spinoff from Williams that concluded on Dec. 31....
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When WPX Energy(WPX)is spun off from The Williams Companies(WMB) on December 31 as we discussed previously, it will immediately join the S&P 500, replacing Compuware(CPWR). Parent company The Williams Companies will remain in the index as well. This continues a trend of large companies breaking into pieces large enough to themselves be constituents of...
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New Year’s Eve is one of those ‘big events’ that rarely lives up to its hype and often ends up pretty anti-climactic. Doesn’t bode well for this ensemble flick(actually, I am sure it will suck for a host of other reasons). The board of directors at Williams Companies (WMB) believes they have found the...
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The energy and E&P business has been no stranger to spinoffs and over the past few years numerous companies have pursued this strategy to unlock shareholder value. So it was no big surprise when in February Williams Companies (WMB) announced plans to split itself into two. To be fair, another reason the announcement wasn’t...
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